Emini Futures Trading Analysis- 10Sep2019

Hello Folks, the S&P500 Emini futures are at 2973 currently, and they have been consolidating after their breakout above 2940, which was a key resistance level. So we will surely see further upmove in coming days. Traders should stay long above 2940 for Target 3000 and 3015. We should see at least one testing of 3000 level in Sep 2019.


Update, 11Sep2019: As expected and mentioned above, the S&P500 Emini futures have hit 3000 within this September month, on Sep 11, 2019, and within 30 hours of this post on Sep10, 2019. More upside is possible based on supportive macro data and US Fed announcements. There is a strong resistance at 3030, which needs to be crossed for next leg of upmove to 3070-3080. Thanks.

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